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Please explain where 1.039 comes from. 1. An investor receives $1091.0 in 2.0 wecks for an initial investment of $1050.0. What is annual percentage return
Please explain where 1.039 comes from.
1. An investor receives $1091.0 in 2.0 wecks for an initial investment of $1050.0. What is annual percentage return with continuous compounding? Solution a. The investment compounds 52 2.0 26.0 times per year b. The periodic rate is determined as follows: 1260039 c. The formula: r = ln (1+-)" d. We already know: m -26.0 and 1+1. 039 e. There ore, r-In (1 . O39)36-99. 592 26.0 TTL TTLStep by Step Solution
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Take Action For Performance Under Pressure How To Handle Stress And Succeed
Authors: Arnulfo Wedige
1st Edition
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